Thanks!

I figured you all would tell me to cut it. Since this will be my first time performing surgery, Would someone please walk me through it??
1. What do I cut it with? Do I have to sterilize the blade? How muck bleeding (latex) can I expect and what should I do about it?
2. Do I unpot it first?
3. The 2 tips are a mere 14". They should probably become 12" cuttings on their own. Should I leave the other cutting as a "Y"?
4. Can I expect the base of the mother plant to regrow? Do I have to worry about rotting from the open exposed ends? Will I be doing anything special to the mother plant?
5. Where is the best place to dry the cuttings? Greenhouse? Air conditioned home? Outside covered area in the shade? In the sun?
I nervous about this as all get out but this tall tree is a problem for me and something has to be done. It is a fast growing tree. I wonder if they all are leggy?? You might notice the tree behind it. That is a real tree! It is almost as tall only there are 4-18" branches starting at 4 feet high, each with 3 and 4 more branches growing out of it. There are two more sucker type branches that start from the base of the old trunk. AND she is pregnant with twins! That is the tree I call Auntie Chris. I like that one!